Templeton Nancy 4
4 · Extended Stay America, Inc. · Filed Jun 21, 2021
Insider Transaction Report
Form 4
Templeton Nancy
See Remarks
Transactions
- Disposition to Issuer
Paired Shares
2021-06-16$18.75/sh−27,281$511,519→ 0 total - Award
Paired Shares
2021-06-16+15,819→ 27,281 total
Footnotes (4)
- [F1]Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. This Form 4 is being filed in connection with the merger ("Merger") of a wholly-owned subsidiary of Eagle Parent Holdings L.P. ("Eagle") with and into the Issuer, pursuant to the terms of the certain Agreement and Plan of Merger, dated as of March 14, 2021 (the "Merger Agreement"), between the Issuer and Eagle. The Merger closed on June 16, 2021.
- [F2]Reflects performance-based restricted stock units previously awarded to the reporting person that vested and settled into Paired Shares pursuant to the terms of the Merger Agreement.
- [F3]Each Paired Share held directly or indirectly by the reporting person at the effective time of the Merger was disposed of for $18.75 in cash, pursuant to the terms of the Merger Agreement. This price does not include the special dividend of $1.75 per Paired Share that the reporting person has the right to receive in connection with the consummation of the Merger.
- [F4]This Form 4 contains the correct number of Paired Shares beneficially owned directly by the reporting person, which number was inadvertently misstated in a prior Form 4 filed on March 15, 2021.